U.S. construction spending holds level in September

Highway construction is month's loser with 1.1 percent decline.

The U.S. Census Bureau announced the following value put in place construction statistics for September 2018:

Total Construction

Construction spending during September 2018 was estimated at a seasonally adjusted annual rate of $1,329.5 billion, nearly the same as (±1.5 percent)* the revised August estimate of $1,328.8 billion. The September figure is 7.2 percent (±1.8 percent) above the September 2017 estimate of $1,240.4 billion.

During the first nine months of this year, construction spending amounted to $982.9 billion, 5.5 percent (±1.2 percent) above the $931.3 billion for the same period in 2017.

Private Construction

Spending on private construction was at a seasonally adjusted annual rate of $1,020.4 billion, 0.3 percent (±1.0 percent)* above the revised August estimate of $1,016.9 billion.

Residential construction was at a seasonally adjusted annual rate of $556.4 billion in September, 0.6 percent (±1.3 percent)* above the revised August estimate of $553.4 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $463.9 billion in September, 0.1 percent (±1.0 percent)* above the revised August estimate of $463.5 billion.

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